[m.youssif]

EURJPY Forecast
The EURJPY attempted to push lower yesterday, but closed significantly higher at 121.33 after found a good support around 119.30. This fact keeps us in sideways outlook from h4 chart point of view, indicates consolidation phase but still within a context of major bullish scenario. The bias is neutral in nearest term. Immediate support at 120.20. A clear break below that area would change the intraday bias to bearish retesting 119.30. Immediate resistance remains around 121.20/40. A clear break above that area could create some upside pressure testing 122.59 but only a clear break above 122.59 could end the current bearish correction phase.

[m.youssif]

EURJPY Forecast
The EURJPY attempted to push lower yesterday, but closed significantly higher at 121.33 after found a good support around 119.30. This fact keeps us in sideways outlook from h4 chart point of view, indicates consolidation phase but still within a context of major bullish scenario. The bias is neutral in nearest term. Immediate support at 120.20. A clear break below that area would change the intraday bias to bearish retesting 119.30. Immediate resistance remains around 121.20/40. A clear break above that area could create some upside pressure testing 122.59 but only a clear break above 122.59 could end the current bearish correction phase.